FOSTER CITY, Calif.--(BUSINESS WIRE)--Visa Inc. (NYSE: V) and Chexar Networks, Inc. (“CHEXAR”) announced today the launch of a network platform to digitize traditional banking services for consumers. Initially, the platform will enable millions of Visa prepaid users to deposit paper checks to their reloadable Visa prepaid card using their mobile device, by simply snapping a photo of a paper check. Powered by Chexar’s technology, including its remote deposit capture platform, the service provides Visa cardholders with immediate access to funds on their Visa prepaid card, enhancing convenience and security and reducing costs for consumers. Later this year, new and existing prepaid cardholders with RushCard, AccountNow and Plastyc, as well as select FSV Payment Systems cardholders, will be able to enroll their Visa prepaid card, and immediately begin making remote deposits.

“Mobile technology and other payment innovations are enabling us to enhance Visa’s prepaid experience and bring all the conveniences of traditional banking options to consumers who choose to use prepaid.”

The platform will support check deposits to Visa cards, funds transfers between Direct Deposit Accounts (DDAs) and payment cards, person-to-person payments and bill payment services whether in-person, online, on a mobile device or at an ATM. Transactions originate and terminate with a financial institution partner and consumer funds sit within an FDIC-insured account. As consumers move between devices and deposit channels, their prepaid account now moves seamlessly with them and works reliably from any device. Chexar predicts that 11 percent (770 million) of consumer checks will be deposited using a mobile device by 2016.

“We see this network utility as more than a technology, it’s an evolution in the way people deposit and move funds and our goal is to make that process frictionless and immediate for consumers,” said Drew W. Edwards, Chexar founder and CEO. “It’s no secret that reloadable prepaid cards are growing in popularity, and we are happy to provide consumers with a secure and convenient way to deposit funds and have immediate access to their money. Our agreement with Visa represents an inflection point for the prepaid industry, and will only grow as mobile devices become more ubiquitous.”

According to Visa research, nearly 35 million consumers receive wages and government disbursements via paper check and 34 percent of the study’s participants revealed that direct deposit was not an option available through their employer. Additionally, a study of payment trends by McKinsey & Company estimated $1.18 trillion in person-to-person payments were made by check in 2009. According to the Federal Deposit Insurance Corporation, more than 28 percent of U.S. households in 2011 weren’t connected to the traditional banking system. As an alternative, many consumers have turned to prepaid. In 2011, prepaid card use rose by 18 percent according to Javelin Strategy and Research.

“Consumers are choosing reloadable prepaid cards at an increasing rate, and for many of the same reasons that consumers embrace other electronic payment options — security, convenience and reliability,” said Hyung Choi, head of U.S. Prepaid, Visa Inc. “Mobile technology and other payment innovations are enabling us to enhance Visa’s prepaid experience and bring all the conveniences of traditional banking options to consumers who choose to use prepaid.”

Reloadable Visa prepaid cards offer a secure, convenient and cost-effective alternative to cash and checks, providing consumers a better way to make everyday purchases, pay bills and now, make check deposits. As with all Visa prepaid products, users can make purchases everywhere that Visa debit cards are accepted — in stores, online or over the phone.

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 24,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.

About Chexar:

CHEXAR® is the national leader for technology and solutions for converting paper checks into Good Funds defined as irreversible value. Chexar is currently deploying Spyke™ — The Good Funds Network™, as the market’s leading solution to enable any consumer to convert any type of check into Good Funds from mobile and other remote capture devices.

Chexar’s solutions are deployed across multiple platforms including turnkey point of sale solutions, assisted and self-service kiosk solutions, mobile devices, and full XML integrations. The company operates two risk management centers 24/7 with almost 400 seats to assist its clients in real-time check review and risk management.

You're here because you searched for news. IMI's proprietary breaking news content marketing platform is second to none. Learn More

Innovative Marketing Ideas has created a "News Content Marketing" software platform that creates "breaking news" sites for any industry, vertical or niche. Any subject. Our newsbots scour the web for breaking news on "keywords" they are trained to find. The breaking news story is then sent to our server and reformatted as follows:

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25 Word Blurb (Preview

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Web Crawlers Love Breaking News!

Search engines give breaking news priority resulting in top billing. Better yet, people who use search engines to find news are targeted resulting in qualified visitors who have demonstrated an interest in your industry, niche or vertical. So if we create breaking news on the Miami Heat, our visitors are most likely to be Miami Heat Fans. This means we can target our visitors with real "contextual advertising" (i.e NBA Heat Jersey's, Lebron James shoes, South Beach related merchandise (Groupon) etc.

“MasterCard has been working with industry partners like Isis to turn mobile phones into secure payment devices and create better shopping experiences for both consumers and merchants”

“The launch of the Isis Mobile Wallet in Austin and Salt Lake City represents a milestone for both Isis and the mobile commerce industry,” said Ryan Hughes, chief marketing officer, Isis. “With as many as 20 Isis Ready handsets headed to market by year end, we are experiencing an unprecedented level of support for NFC and consumer choice.”

Load an eligible American Express, Capital One or Chase credit card into the Isis Mobile Wallet or get started with the Isis Cash™ card that comes in every Wallet.

Get out and get tapping at any of the hundreds of locations across Austin and Salt Lake City where contactless payments are accepted, a full list of which can be found at www.paywithisis.com.

“The launch of the Isis Mobile Wallet is an important step toward accelerating mobile payments in the United States and maximizing convenience for consumers,” said Bill Gajda, head of mobile product, Visa Inc. “Isis’ open approach directly aligns with Visa’s strategy of enabling consumers to make mobile payments with whatever device they choose using the trusted accounts they already have.”

“MasterCard has been working with industry partners like Isis to turn mobile phones into secure payment devices and create better shopping experiences for both consumers and merchants,” said Mung Ki Woo, group executive, mobile, MasterCard Worldwide. “The use of NFC technology is a path to an improved consumer experience, and the launch of the Isis Mobile Wallet – combined with the growing number of NFC-enabled handsets – will help make mobile commerce a reality for millions of consumers.”

“Today’s launch of the Isis Mobile Wallet is a significant achievement in terms of enabling consumer adoption of mobile payments,” said Suzan Kereere, senior vice president and general manager, American Express, Global Network Business. “Mobile commerce holds the promise of dramatically enhancing consumers’ shopping experience, and American Express’ first priority as a network is to provide choice and flexibility for all industry participants as we work together to influence the speed and growth of mobile NFC payments in the U.S.”

The joint venture is between AT&T Mobility LLC, T-Mobile USA and Verizon Wireless and is based in New York City. The venture is chartered with building Isis™, a national mobile commerce venture that will fundamentally transform how people shop, pay and save. The Isis™ mobile commerce network will be available to all merchants, banks, payment networks and mobile carriers. ISIS is a trademark of JVL Ventures, LLC in the U.S. and/or other countries. Other logos, product and company names mentioned herein may be the trademarks of their respective owners.

You're here because you searched for news. IMI's proprietary breaking news content marketing platform is second to none. Learn More

Innovative Marketing Ideas has created a "News Content Marketing" software platform that creates "breaking news" sites for any industry, vertical or niche. Any subject. Our newsbots scour the web for breaking news on "keywords" they are trained to find. The breaking news story is then sent to our server and reformatted as follows:

Title

Picture (if available in news story)

Credit to Author (i.e. Chicago Tribune)

25 Word Blurb (Preview

Additional Articles on same keyword (if available)

Direct Link to Original Content Provider

Web Crawlers Love Breaking News!

Search engines give breaking news priority resulting in top billing. Better yet, people who use search engines to find news are targeted resulting in qualified visitors who have demonstrated an interest in your industry, niche or vertical. So if we create breaking news on the Miami Heat, our visitors are most likely to be Miami Heat Fans. This means we can target our visitors with real "contextual advertising" (i.e NBA Heat Jersey's, Lebron James shoes, South Beach related merchandise (Groupon) etc.

And the big driver for NFC on-board mobile phones is the prospect of using the cell phone for monetary transactions; an application that resolutely refuses to happen. Rensink is adamant there is a lot more to NFC than just providing a medium of ...

You're here because you searched for news. IMI's proprietary breaking news content marketing platform is second to none. Learn More

Innovative Marketing Ideas has created a "News Content Marketing" software platform that creates "breaking news" sites for any industry, vertical or niche. Any subject. Our newsbots scour the web for breaking news on "keywords" they are trained to find. The breaking news story is then sent to our server and reformatted as follows:

Title

Picture (if available in news story)

Credit to Author (i.e. Chicago Tribune)

25 Word Blurb (Preview

Additional Articles on same keyword (if available)

Direct Link to Original Content Provider

Web Crawlers Love Breaking News!

Search engines give breaking news priority resulting in top billing. Better yet, people who use search engines to find news are targeted resulting in qualified visitors who have demonstrated an interest in your industry, niche or vertical. So if we create breaking news on the Miami Heat, our visitors are most likely to be Miami Heat Fans. This means we can target our visitors with real "contextual advertising" (i.e NBA Heat Jersey's, Lebron James shoes, South Beach related merchandise (Groupon) etc.

"The launch of the Isis Mobile Wallet in Austin and Salt Lake City represents a milestone for both Isis and the mobile commerce industry," said Ryan Hughes, chief marketing officer, Isis. "With as many as 20 Isis Ready handsets headed to market by year end, we are experiencing an unprecedented level of support for NFC and consumer choice."

-- Load an eligible American Express, Capital One or Chase credit card into the Isis Mobile Wallet or get started with the Isis Cash(TM) card that comes in every Wallet.

-- Get out and get tapping at any of the hundreds of locations across Austin and Salt Lake City where contactless payments are accepted, a full list of which can be found at www.paywithisis.com .

"The launch of the Isis Mobile Wallet is an important step toward accelerating mobile payments in the United States and maximizing convenience for consumers," said Bill Gajda, head of mobile product, Visa Inc. "Isis' open approach directly aligns with Visa's strategy of enabling consumers to make mobile payments with whatever device they choose using the trusted accounts they already have."

"MasterCard has been working with industry partners like Isis to turn mobile phones into secure payment devices and create better shopping experiences for both consumers and merchants," said Mung Ki Woo, group executive, mobile, MasterCard Worldwide. "The use of NFC technology is a path to an improved consumer experience, and the launch of the Isis Mobile Wallet - combined with the growing number of NFC-enabled handsets - will help make mobile commerce a reality for millions of consumers."

"Today's launch of the Isis Mobile Wallet is a significant achievement in terms of enabling consumer adoption of mobile payments," said Suzan Kereere, senior vice president and general manager, American Express, Global Network Business. "Mobile commerce holds the promise of dramatically enhancing consumers' shopping experience, and American Express' first priority as a network is to provide choice and flexibility for all industry participants as we work together to influence the speed and growth of mobile NFC payments in the U.S."

The joint venture is between AT&T Mobility LLC, T-Mobile USA and Verizon Wireless and is based in New York City. The venture is chartered with building Isis(TM), a national mobile commerce venture that will fundamentally transform how people shop, pay and save. The Isis(TM) mobile commerce network will be available to all merchants, banks, payment networks and mobile carriers. ISIS is a trademark of JVL Ventures, LLC in the U.S. and/or other countries. Other logos, product and company names mentioned herein may be the trademarks of their respective owners.

You're here because you searched for news. IMI's proprietary breaking news content marketing platform is second to none. Learn More

Innovative Marketing Ideas has created a "News Content Marketing" software platform that creates "breaking news" sites for any industry, vertical or niche. Any subject. Our newsbots scour the web for breaking news on "keywords" they are trained to find. The breaking news story is then sent to our server and reformatted as follows:

Title

Picture (if available in news story)

Credit to Author (i.e. Chicago Tribune)

25 Word Blurb (Preview

Additional Articles on same keyword (if available)

Direct Link to Original Content Provider

Web Crawlers Love Breaking News!

Search engines give breaking news priority resulting in top billing. Better yet, people who use search engines to find news are targeted resulting in qualified visitors who have demonstrated an interest in your industry, niche or vertical. So if we create breaking news on the Miami Heat, our visitors are most likely to be Miami Heat Fans. This means we can target our visitors with real "contextual advertising" (i.e NBA Heat Jersey's, Lebron James shoes, South Beach related merchandise (Groupon) etc.

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The art of a technology blog
by Tim Cawsey
It’s always pleasing to see creative, informed content get the recognition it deserves, particularly in the world of social media. I thought I’d take a look at some of the security, telecoms and emerging tech blogs that we’ve been following here at Gemalto.
In no particular order, here’s a look at five blogs I enjoy reading online when I’m looking for something reliable, entertaining and, above all, utterly informative from the blogosphere…
ePayment News – Curated by John B. Frank, the ePayment News blog is bold and beautiful, covering everything from tech updates to investment market reviews. Handy features include the ‘you might also like’ (I almost always do…) bars and Payment News RSS page of ever evolving information.